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Tag Archives: penny pinchers

Investors in publicly-traded companies are eager to see them spend some of the cash amassed since the 2008 financial crisis. Not unlike penny-pinchers that survived the Great Depression, US firms turned to saving during the Great Recession. Standard and Poors (S&P) explains that large firms remain unwilling to part with their proverbial security blanket and pacifier in the form of enormous cash hoards. In its annual capex corporate survey, S&P describes that capital expenditures are the “missing link to a better established and self-sustaining economic recovery.”Continue reading →